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Business Partnerships Flashcards | StudBud

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Business Partnerships

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Business Partnerships Quiz

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Questions 10

Answers

1
What is General partnership?
When a single person creates a business
When two or more individuals create a business together
When only 5 people create a business together
When people group together
2
What is a disadvantage of a partnership?
More creative experience
Combination of complimentary skills
When partners disagree on a decisions
Equal share in management
3
Arguments on decisions is an example of.....
Advantage of a business
Bad business
Disadvantage of a business
Feature of a business
4
Partnerships can have of more than 2 partners, true or false
false
true
5
Easy to establish is an.....
Feature of a business
Advantage of a business
Is a business
Disadvantage of a business
6
Not being responsible for another partners investment is an example of...
An advantage of a general partnership
A disadvantage of a limited liability partnership
An advantage of a limited liability partnership
a disadvantage of starting a business
7
What is a limited partnership
each partner uses the money from one other person
no partners at all
one person covers all expenses
When each partner only pays back what they invested
8
Which of these businesses is a partnership
Baskin Robbins
Bell
DELL
Adobe
9
What is an advantage of a partnership?
Share the risks of a business
Combination of complimentary skills
Sharing of profit
Disagreements in decisions
10
What is a limited liability partnership
When a partner is not responsible for the other's misconduct
When one partner pays for everything
When a partner isnt responsible for the other's carelessness
No partners